Source: The Daily Bell
Central banks‘ joint efforts sustain global system … Never
before have the world’s central banks sent so much money sloshing
through the global financial system. From slashing interest rates and
buying government debt to dangling cheap loans to banks and taking on
their risky assets, central banks have taken extraordinary steps since
the 2008 financial crisis to nurse the international banking system back
to health. Over the past 3 1/2 years, the central banks of the United
States, Britain, Japan and the 17 countries that use the euro have
pumped out so much money that their balance sheets have reached a
combined $8.76 trillion. That’s a record, by far. The infusion of money
has eased borrowing costs and raised confidence in banks, governments
and companies. – Boston.com
Dominant Social Theme: More is better. But each bank “does its own thing.”
Free-Market Analysis: It is a much denied fact that what may be called a New World Order
is continually being developed at the highest reaches of power. But
what is less well known is the amount of coordination already developed
between the facilities that provide the engine for global governance.
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